SCHWAB CHARLES CORP (SCHW)

Security Brokers, Dealers & Flotation Companies

Latest Price

$105.24

TTM P/E

20.92

Normalized P/E

30.19

Div Yield

1.07%

Book Value

24.32

P/B Ratio

4.33

Valuation metrics

EPS: $4.65

Book value / share: $27.32

Formula: √(22.5 × EPS × BVPS)

Graham Number

$53.47

49% downside

Norm. op. income: $8.2B (median of 7yr)

Tax rate: 23%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$38.48

63% downside

Base FCF: $2.0B (median of recent 5yr)

Growth: -12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$9.46

91% downside

EPS: $4.65

Target P/E: 30×

Formula: EPS × P/E

P/E Fair Value

$139.50

+33% upside

74.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	133.16M	$12.51B	7.63%	-1.01M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	108.35M	$10.18B	6.21%	--	2026-03-31
Dodge & Cox	75.00M	$7.05B	4.30%	-1.51M	2026-03-31
STATE STREET CORP	72.76M	$6.84B	4.17%	+137.2K	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	48.64M	$4.57B	2.79%	-459.0K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	38.69M	$3.62B	2.22%	+1.02M	2026-03-31
FMR LLC	35.69M	$3.35B	2.04%	+1.85M	2026-03-31
FRANKLIN RESOURCES INC	31.83M	$2.99B	1.82%	+1.64M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	26.57M	$2.50B	1.52%	--	2026-03-31
PRIMECAP MANAGEMENT CO/CA/	23.44M	$2.20B	1.34%	+165.8K	2026-03-31